Following the recent $235 million hack targeting Indian crypto exchange WazirX, the company has decided to terminate its asset custody arrangement with Liminal. In an effort to bolster the security of its remaining assets post-breach, WazirX has shifted its assets from Liminal to new multi-signature wallets. This move is crucial to safeguarding the assets, as
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Metaplanet has recently made a significant investment in bitcoin, purchasing around $3.3 million worth of the cryptocurrency. This move is part of the Japanese investment firm’s broader strategy to expand its bitcoin holdings. With this latest acquisition, Metaplanet now holds a total of 303.095 BTC acquired for $20 million. Earlier this month, Metaplanet Inc. secured
The integration of Proof of Exposure by Confiction Labs in their shooter game Riftstorm has sparked a significant conversation in the Web3 gaming industry. This system, aimed at combating bots through NFT allowlist verification, is a proactive approach to address the rising issue of automated bot accounts causing disruptions for developers and genuine players. The
Recently, it was reported that crypto exchange Binance has agreed to pay Brazilian regulators $1.76 million to settle allegations of unlicensed derivatives trading in the country. This settlement comes after a year-long investigation by the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator. The regulatory crackdown began in July 2020 when the CVM ordered Binance
Core Scientific, a Bitcoin mining company based in Texas, recently announced the pricing of its increased offering of $400 million in 3.00% convertible senior notes due in 2029. Originally set at $350 million, the offering was upsized due to favorable market conditions. The notes are scheduled to settle on August 19, 2024, and will be
In a historic move, Crypto.com, a cryptocurrency exchange based in Singapore, has signed a groundbreaking partnership with the Union of European Football Associations (UEFA) Champions League. This partnership marks the first time that a crypto platform has become the official global sponsor of such a prestigious football competition. The agreement is set to span several
Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the exchange made misleading statements regarding its blockchain trade settlement project. According to ASIC, the ASX falsely claimed that the project was on track for a launch in April 2023 and that it was making progress
In the midst of the current downturn in the market, the sentiment among investors in the digital asset market is one of uncertainty. Despite this, Glassnode’s analysis reveals a noticeable trend towards HODLing and accumulation among investors, indicating a shift in behavior amidst volatile market conditions. Following bitcoin’s all-time high in March, there was a
In the world of cryptocurrency, predictions and analyses play a significant role in determining the future of digital assets. One analyst, known as “Without Worries”, has recently made a bold statement regarding the Bitcoin price, suggesting that a crash back to $20,000 is not a matter of if, but when. While this prediction may sound
In the vast world of web3 content creation, journalism, and trading, there exists a figure known by the moniker HIM-buktu. Samuel Edyme, as his real name goes, is a multitalented individual with a unique background and a story of resilience and determination that sets him apart from the crowd. Edyme’s foray into the world of
Bitcoin’s price has been on a rollercoaster ride recently, with a significant increase of almost $2,000 in just one day due to better-than-expected core PPI numbers in the United States. This spike in price prompted a positive end to the previous business week, with Bitcoin reaching almost $63,000 on Friday. This impressive recovery of over
Ethereum’s Layer 2 ecosystem has been experiencing a surge in activity, with a new record set for daily transaction volume. According to recent data, the daily transactions across Layer 2 networks reached an impressive 12.42 million on August 12, showcasing significant growth and adoption in the ecosystem. This milestone not only reflects the scalability improvements
Crypto analyst Javon Marks has made a bold prediction regarding Ethereum (ETH), suggesting that the cryptocurrency could experience a 75% breakout and surge to $4,723. Marks highlighted the presence of bull divergences that have been consistently holding within Ethereum’s significant climb since its breakout. He emphasized that the potential 75% increase to the target price
Coinbase recently submitted a critical comment letter to the US Securities and Exchange Commission (SEC) regarding the proposed rule on digital assets. The letter pointed out significant flaws in the SEC’s cost-benefit analysis, particularly in the assessment of economic impact on efficiency, competition, and capital formation. Coinbase argued that the agency has overlooked key information
